Spain Regulator to Get More Powers to Oversee Electricity System
Spain's government will give the country's competition authority more powers to supervise private operators' management of electricity voltage following the nationwide blackout in April.
Regulator CNMC will issue a report on compliance with the 'control obligations' after unprecedented peaks in voltage led to the blackout, the government said on Tuesday following a cabinet meeting. The report will be reviewed every three months.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 hours ago
- Yahoo
Syria's electricity recovery project receives $146m grant
The World Bank's board of executive directors has sanctioned a grant to strengthen Syria's power sector. A $146m grant from the International Development Association (IDA) aims to revitalise reliable, affordable electricity in war-torn regions, aiding in Syria's broader economic resurgence. The country faces an acute energy crisis due to the extensive damage and neglect suffered by its transmission and distribution infrastructure since 2020. Syria's protracted conflict has left its national grid severely impaired, with most areas receiving only two to four hours of electricity daily. This scarcity hampers vital services such as water supply, healthcare, agri-food production and housing development. The newly announced Syria Electricity Emergency Project (SEEP) will focus on reconstructing high-voltage lines and transformer substations that have been ravaged by conflict. Key 400kV interconnector lines linking Jordan and Türkiye are set for repair under SEEP, restoring critical regional connections while also addressing local needs near demand centres heavily populated by refugees returning home or displaced internally. World Bank middle east division director Jean-Christophe Carret stated: "Among Syria's urgent reconstruction needs, rehabilitating the electricity sector has emerged as a critical, no-regret investment that can improve the living conditions of the Syrian people, support the return of refugees and the internally displaced, enable resumption of other services such as water services and healthcare for the population and help kickstart economic recovery. "This project represents the first step in a planned increase in World Bank support to Syria on its path to recovery and development." Beyond physical repairs, SEEP extends technical assistance for strategic planning within Syria's electric sector. It encompasses policy reform guidance alongside regulatory advice aimed at ensuring medium- to long-term sustainability. Capacity-building measures are also planned for institutional stakeholders responsible for implementing these strategies. Overseeing this endeavour is the Public Establishment for Transmission and Distribution of Electricity (PETDE), which will coordinate rehabilitation efforts across various facets of electrical infrastructure. An international consultancy will be engaged by PETDE to provide multifaceted expertise from engineering services to environmental oversight, and ensure compliance with World Bank standards. To further ensure transparency and adherence to high operational benchmarks, a third-party monitoring agent will be appointed by the bank. This entity will enhance fiduciary surveillance along with environmental and social checks while offering expanded implementation support designed to fortify overall project management capabilities within PETDE. "Syria's electricity recovery project receives $146m grant" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Wall Street Journal
17 hours ago
- Wall Street Journal
Let the TVA Power America's Nuclear Future
Nashville, Tenn. The U.S. needs more energy and needs it fast. Electricity demand is projected to surge fivefold in five years, with data centers driving half that growth. As Washington smothered the energy sector in red tape, China raced ahead in the global competition for artificial-intelligence supremacy and energy infrastructure. That's why President Trump's executive orders to overhaul nuclear regulation and expand deployment mark a turning point for America's energy future. And Mr. Trump has a secret weapon to win the AI race: the Tennessee Valley Authority.
Yahoo
a day ago
- Yahoo
Exclusive-Trump plans executive orders to power AI growth in race with China
By Valerie Volcovici and Jarrett Renshaw WASHINGTON (Reuters) -The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning. Top economic rivals U.S. and China are locked in a technological arms race and with it secure an economic and military edge. The huge amount of data processing behind AI requires a rapid increase in power supplies that are straining utilities and grids in many states. The moves under consideration include making it easier for power-generating projects to connect to the grid, and providing federal land on which to build the data centers needed to expand AI technology, according to the sources. The administration will also release an AI action plan and schedule public events to draw public attention to the efforts, according to the sources, who requested anonymity to discuss internal deliberations. The White House did not respond to requests for comment. Training large-scale AI models requires a huge amount of electricity, and the industry's growth is driving the first big increase in U.S. power demand in decades. Between 2024 and 2029, U.S. electricity demand is projected to grow at five times the rate predicted in 2022, according to power-sector consultancy Grid Strategies. Meanwhile, power demand from AI data centers could grow more than thirtyfold by 2035, according to a new report by consultancy Deloitte. Building and connecting new power generation to the grid, however, has been a major hurdle because such projects require extensive impact studies that can take years to complete, and existing transmission infrastructure is overwhelmed. Among the ideas under consideration by the administration is to identify more fully developed power projects and move them higher on the waiting list for connection, two of the sources said. Siting data centers has also been challenging because larger facilities require a lot of space and resources, and can face zoning obstacles or public opposition. The executive orders could provide a solution to that by offering land managed by the Defense Department or Interior Department to project developers, the sources said. The administration is also considering streamlining permitting for data centers by creating a nationwide Clean Water Act permit, rather than requiring companies to seek permits on a state-by-state basis, according to one of the sources. In January, Trump hosted top tech CEOs at the White House to highlight the Stargate Project, a multi-billion effort led by ChatGPT's creator OpenAI, SoftBank and Oracle to build data centers and create more than 100,000 jobs in the U.S. Trump has prioritized winning the AI race against China and declared on his first day in office a national energy emergency aimed at removing all regulatory obstacles to oil and gas drilling, coal and critical mineral mining, and building new gas and nuclear power plants to bring more energy capacity online. He also ordered his administration in January to produce an AI Action Plan that would make "America the world capital in artificial intelligence" and reduce regulatory barriers to its rapid expansion. That report, which includes input from the National Security Council, is due by July 23. The White House is considering making July 23 "AI Action Day" to draw attention to the report and demonstrate its commitment to expanding the industry, two of the sources said. Trump is scheduled to speak at an AI and energy event in Pennsylvania on July 15 hosted by Senator Dave McCormick. Amazon earlier this month announced it would invest $20 billion in data centers in two Pennsylvania counties. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
